© 2022 All Rights reserved WUSF
News, Jazz, NPR
Play Live Radio
Next Up:
0:00
0:00
Available On Air Stations

Ford Unveils Job Cuts, Plant Closures

Bill Ford, chairman of the board and CEO of Ford Motor Company, in Dearborn, Mich., Jan. 23.
Bill Pugliano
/
Getty Images
Bill Ford, chairman of the board and CEO of Ford Motor Company, in Dearborn, Mich., Jan. 23.

Ford Motor Co. announces plans to eliminate 25,000 to 30,000 jobs in North America -- more than 20 percent of the workforce.

The long-awaited restructuring plan also includes closing 14 plants in the United States, Mexico and Canada over the next six years.

But any job cuts will have to be negotiated under the terms of the labor contract with the United Auto Workers union, and Ford officials said they did not believe the company could shrink its way back to prosperity.

Copyright 2022 NPR. To see more, visit https://www.npr.org.

Jack Speer
Jack Speer is a newscaster at NPR in Washington, DC. In this role he reports, writes, edits, and produces live hourly updates which air during NPR programming.
WUSF 89.7 depends on donors for the funding it takes to provide you the most trusted source of news and information here in town, across our state, and around the world. Support WUSF now by giving monthly, or make a one-time donation online.